About Spay Technology Private Limited
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Spay Technology Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 28 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63999DL2018PTC342298. Its GSTIN is 07ABBCS1932N1Z5 (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19 Lakh. It is led by directors Aarti Dhawan and Sunil Dhawan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 70/B – 3F Uppar Ground Floor, Rama Road, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2024, the company reported a revenue of ₹120.2 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹9.45 Cr (net margin -7.9%) and EBITDA of -₹9.19 Cr (EBITDA margin -7.6%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 175% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spay India. As per MCA filings, the company has open charges of ₹89.1 Lakh on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spayindia.com.
Company details
CIN history
Spay Technology has one previous CIN (Corporate Identification Number): U72900DL2018PTC342298. The current CIN is U63999DL2018PTC342298, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63999DL2018PTC342298 | Current |
| U72900DL2018PTC342298 | Previous |
Contact details
Spay Technology Private Limited's registered office is in New Delhi, Delhi.
- Registered Address70/B – 3F Uppar Ground Floor, Rama Road, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Digital Payment Solutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Spay Technology operates one associated brand: Spay India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a wallet-enabled platform for money transfers, bill payments, recharges, travel bookings, and insurance services. | spayindia.in |
Business activity
The main business activity of Spay Technology is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Spay Technology Private Limited, buy the company report.
Financials of Spay Technology Private Limited
FY 2024 filings availableSpay Technology Private Limited reported revenue of ₹120.2 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 175%. EBITDA rose 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹9.19 Cr | ||||
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| Net Profit (PAT) | -₹9.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -7.6% | ||||
| Net Profit Margin | -7.9% | ||||
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To see the full financial statements and ratios of Spay Technology Private Limited, buy the company report.
Board of directors of Spay Technology Private Limited
Spay Technology has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aarti Dhawan Also directs: Gmoney Solution Private Limited, Sapnpay Solutions Private Limited, Prits Technocrat (OPC) Private Limited and 1 more | Director | 28 Nov 2018 | 7 Years 10 Months | Current |
| Sunil Dhawan | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2025 | 101166599 | Others | ₹89.1 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Spay Technology Private Limited has 12 court cases on record: 9 filed by Spay Technology, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 0 |
| High courts | 6 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Yes Bank Limited and 5 others | Disposed |
| District court, South, Delhi | Commercial suit | Filed by the company against Spay Fintech Private Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (CR RA) | Filed by the company against The State of Gujarat and 1 other | Disposed |
| High Court, GUJARAT | Court case (SCR.A) | Filed by the company against State of Gujarat and 1 other | Disposed |
| District court, Mohali, Punjab | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Spay Technology Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spay Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spay Technology has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07ABBCS1932N1Z5 | Delhi | Active | 20 Dec 2018 |
| 27ABBCS1932N1Z3 | Maharashtra | Active | 22 Mar 2022 |
To see the full GST registrations and return filing status of Spay Technology Private Limited, buy the company report.
Recent activity
Spay Technology Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Daya Shankar Jaiswal ceased to be Additional Director on 31 Jan 2024.
Frequently asked questions
Spay Technology is an active private limited company based in New Delhi, Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 28 November 2018 (8+ years old) and is registered under CIN U63999DL2018PTC342298.
Spay Technology has 2 current directors:
- Aarti Dhawan - Director
- Sunil Dhawan - Director
The latest financial statements of Spay Technology on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Spay Technology is 07ABBCS1932N1Z5, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27ABBCS1932N1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Spay Technology is U63999DL2018PTC342298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spay Technology has 12 court cases on record: 9 filed by the company and 3 filed against it. Most are in the district courts.
Spay Technology was incorporated on 28 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Daya Shankar Jaiswal ceased to be Additional Director on 31 Jan 2024. Nikhilesh Tiwari ceased to be Director on 15 Sep 2023. Sunil Dhawan was appointed as Director on 01 Sep 2023. Spay Technology has 5 board changes on record in total.
Spay Technology can be reached through the website spayindia.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Spay Technology is at 70B – 3F Uppar Ground Floor, Rama Road, New Delhi, Delhi, India – 110015.